Berlin, Conn. (PRWEB) September 16, 2007
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired a 22,130 square-foot industrial facility located at 81 Fuller Way in Berlin, Conn. The acquisition was made on behalf of The Hampshire Generational Fund, one of the firm's private equity real estate investment funds tailored to high net worth investors.
The property is conveniently located in central Connecticut, approximately 15 miles southwest of Hartford, and offers easy access to Routes 9, 15, 5, and Interstate 91. The property is fully leased to Space Electronics LLC, a leading manufacturer of high precision scientific instruments used to test satellites, rockets, weapons, and jet engines.
"This acquisition yields another strategically-located industrial property to add to our portfolio," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "This addition to Hampshire's presence in the prestigious suburban Connecticut market will offer great opportunities to our investors as well as to potential tenants."
Robert Daglio, Senior Vice President of the Hartford, Conn. office of CB Richard Ellis, represented Hampshire and the seller in the transaction.
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, and office products as well as an investor in other real estate funds.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to
create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at http://www.hampshireco.com.